Mortgage payment estimates, closing cost breakdowns, and homebuying data for Dallas, Texas.
Pre-filled with Dallas median home price and Texas tax/insurance rates. Adjust for your property.
Estimated closing costs based on Texas rates and fees applied to Dallas prices.
The median home price in Dallas is $365,000, 18% above the Texas state median of $310,000. With a population of 1,304,379, Dallas is a major metro area where home prices reflect strong demand and local economic factors.
Property taxes in Texas average 1.8% annually. This higher-than-average tax rate means a $365,000 home in Dallas would carry roughly $548/month in property taxes alone — plan accordingly. Homeowners insurance in Texas runs approximately $3,800 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in Dallas is $1,580/month. The price-to-rent ratio in Dallas is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Dallas presents moderate affordability. The $365K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.